💰 Expoagro in Argentina has a machinery boom after years of under investment
Expoagro Agricultural Machinery Show is currently open just outside Buenos Aires, this provides a snapshot to the health or otherwise of the agricultural sector.
After nearly a decade of having to live with an anti-business administration characterized as being one of the most corrupt in Argentina’s history the lights have come on with a new progressive administration.
This year there has been a boom in machinery sales, giving confirmation that the economic measures that have been taken by the new Government for the sector, plus favourable loans offered by several Argentine banks, are helping to revive the sector.
One of the many manufacturers who best reflect this new optimism is Pauny, of Las Varillas in Cordoba which makes farm tractors. They have sold so far at the show 300 tractors valued at some $270 million. This is 20% of their annual sales of the company up from just 20 units last year.
For the salespeople, “the mood of the farmer is unbelievable,” with a new attitude to produce more. “It is a 180-degree change.
So far in the show’s local banks have advanced more than 3,000 million Pesos to buy new machinery and there are a few days to go.
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